Wharf Real Estate Investment Company Limited (WREIC), together with Wharf (Holdings) Limited and Harbour Centre Development Limited, announced the adoption of a New Master Property Services Agreement among members of the WAC Group. The agreement covers the provision of property services between group members and sets annual cap amounts for related transactions. The boards of Wharf, WREIC, and HCDL, including independent non-executive directors, consider the terms of the agreement fair and reasonable, and that the transactions are conducted on normal commercial terms and in the interests of shareholders. The agreement is subject to announcement, reporting, and annual review requirements under Chapter 14A of the Listing Rules but is exempt from circular and independent shareholders' approval requirements. No directors had a material interest requiring them to abstain from voting on the resolutions.